Erik Wiik, the CEO of KOIL, said, “This award is a recognition of our team’s endeavors in continuously developing our products, enabling growth in new markets and underscoring KOIL’s strong technology position in the global subsea industry. Our proprietary solution is designed to secure a subsea umbilical to a topside facility without the need for divers. The locking mechanism of the BSL allows a single remotely operated vehicle to engage or disengage the locking mechanism, resulting in substantial savings and improved safety for the operator.”
Engineering, procurement, manufacturing, and testing of the BSL units will take place at KOIL’s facility in Houston, TX, and the project is projected to be completed in the second quarter of 2025.
